United States API Weekly Crude Oil Stock above expectations (-2.7M) in July 10: Actual (-0.056M)

United Overseas Bank’s Quek Ser Leang and Lee Sue Ann note that USD/SGD stayed firm on Monday, closing at 1.2945 after trading between 1.2906 and 1.2950, with the Singapore Dollar (SGD) Nominal Effective Exchange Rate (NEER) holding 1.68% above its mid-point.